(IDEX Online) - Sodiam, Angola's national diamond company, is to offer $20m of rough in a two-week online tender that begins tomorrow (15 November).In June it raised over $56.6m in its third and largest rough auction.This latest tender will include six exceptional single stones from its Lulo mine, two of them pinks. There will also be several baskets of single stones from Catoca, the min...Read More
(IDEX Online) - The wife of a jailed bank boss is facing a legal bid to seize her $4.3m jewelry collection.Zamira Hajiyeva, 58, was made the subject of the first Unexplained Wealth Order in Britain in 2018, after an astonishing $21.5m spending spree at the Harrod's department store, in London (pictured).Now the National Crime Agency (NCA) is attempting to seize jewelry she bought there and el...Read More
RAPAPORT... US shoppers received more than two billion out-of-stock messages while searching for holiday gifts online in October, with many of those coming from the jewelry sector, according to Adobe.Supply-chain constraints have disrupted merchandise availability amid a growth in e-commerce demand, Adobe said last week. The number of out-of-stock messages rose 250% compared to January 2020 and 32...Read More
Anticipation is building as Great Bear Resources (TSX: GBR) works feverishly to deliver its first resource estimate in the New Year on the Dixie project in northwestern Ontario - one of the most important Canadian gold discoveries in modern history.Great Bear's flagship property is the 100% owned Dixie project, consisting of 9,140 hectares of contiguous claims extending over 22 kilometres. The pro...Read More
Arrow Minerals Limited (Arrow or the Company) is pleased to report a 6,000m reverse circulation (RC) drilling programme has commenced at the Vranso Project, Burkina Faso.Arrow identified four advanced stage drill-ready prospects within a 20km radius of the Perkoa Zinc Mine (Figure 1 & 2) following a...Read full newsRead More
Inflation is now at the highest level since 1990, but it doesn't stop here said E.B. Tucker, director of Metalla Royalty and author of "Why Gold, Why Now?""6% is only the beginning. It's going to go much higher, it's not transient. None of these people are going to lower prices, this is here to stay," Tucker told David Lin, anchor for Kitco News. Although wages are rising, the pace of growth is st...Read More
Higher yields in the U.S. Treasury notes were a primary factor taking the U.S. dollar higher, which in turn pressured gold to close lower on the day. This is the first instance in which gold has closed lower in the last eight consecutive trading days.10-year Treasury notes started the week with a solid gain of 0.041 basis points, a net gain of 2.59%, with the current yield up and fixed at 1.623%.A...Read More
Well, 2021 was a roller-coaster year for gold.The price of gold kicked off 2021 with a strong start, trading over $1,950 an ounce. But it was a fast downhill slide from there.In the first quarter gold prices shed almost 10%, dipping below $1,700. It was the worst first quarter for gold since 2016. And one of the worst of all time.Then in the second quarter, gold rallied, reaching over $1,900/ounce...Read More
(Kitco News) It is best to avoid U.S. stocks and bonds next year as high valuations and tighter monetary policy fail to support a good investment case, according to strategists at Morgan Stanley."We think that 2022 is really about 'mid to late-cycle' challenges: better growth squaring off against high valuations, tightening policy, rambunctious investor activity and inflation being higher than mos...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold and silver prices are modestly lower in midday U.S. trading Monday. Gold didpoke to another five-month high early on. Some normal profit taking was seen bythe shorter-term futures traders was featu...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -The gold market has broken out after five months ofconsolidation, and commodity analysts at Soci?(C)t?(C) G?(C)n?(C)rale see the potential fora significant rally through the first quarter of 2022.In its...Read More
Mr. Marco Roque reportsCASSIAR GOLD INTERSECTS 45.5 M OF 2.40 G/T AU, 45.6 M OF 1.83 G/T AU AND 35.5 M OF 1.59 G/T AU FROM BULK-TONNAGE TAURUS DEPOSIT AT CASSIAR NORTHCassiar Gold Corp. has released assay results from four of 15 diamond holes drilled at the Taurus deposit, located in the Cassiar North project area of the company's flagship Cassiar gold property in Northern British Columbia, Canada...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold prices are trading in relatively neutral territory,holding near a five-month high as the New York Federal Reserve reportedstronger than expected activity in its regional manufacturing sector.Monday...Read More
Company Website: https://www.newfoundgold.caVANCOUVER, British Columbia -- (Business Wire)New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG, NYSE American: NFGC) is pleased to announce that it has entered into three royalty purchase agreements (the "Royalty Purchase Agreements") with arm's length royalty holders (together, the "Vendors" and each, a "Vendor"), whereby New Found will pu...Read More
LONDON, Nov 15 (Reuters) - Bank of England Governor Andrew Bailey said he was very uneasy about the inflation outlook and that his decision to keep interest rates on hold earlier this month, which shocked financial markets, had been a very close call."I'm very uneasy about the inflation situation," Bailey told the House of Commons Treasury Committee on Monday. "I want to be very cle...Read More
Mr. John Mirko reportsROKMASTER ACQUIRES 5,326 HA OF MINERAL CLAIMS TARGETING AU-AG-PB-ZN-CU MINERALIZATION AT ITS NEW REVEL NORTH PROPERTYRokmaster Resources Corp. has substantially expanded is mineral claim holdings north of the main Revel Ridge project area. Newly acquired mineral tenures Downie (3,173 ha), Keystone (1,992 ha), and North (161 ha) claims overlie the portions of the historic Keys...Read More
The gold rush has begun with a weekly breakout. The next major levels to watch are $1,880-$1900 December gold futures. The buying has been on volume giving two weeks of higher prices and higher volume. A pullback to 1840 would be no surprise, but it would be a buying opportunity.Silver looks very similar to gold and could launch farther and faster. There is no way to know for sure. However, the ne...Read More
Gold Royalty Corp. Provides Royalty Portfolio UpdateCanada NewsWireVANCOUVER, BC, Nov. 15, 2021Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollar prices arehigher in early U.S. trading Monday. A price uptrend is in place on the dailybar chart. The Bitcoin bulls still have the solid overall near-term technicaladvantage, to sug...Read More
* Gold set to break a seven-session winning streak* UBS sees weaker silver price with the Fed's policy normalisationNov 15 (Reuters) - Gold prices traded in a narrow range on Monday following a recent inflation-driven rally, with a weaker dollar and a pullback in U.S. bond yields limiting losses in bullion.Spot gold was little changed at $1,864.85 per ounce by 1308 GMT, while U.S. gold futures eas...Read More